Dow Dips 250 Points | Nasdaq Slumps Over 1%; Market Volatility Surges & Stocks Down After Quarterly Results Intraday Industry Index Plunge Market Update | Friday

07 March, 2025 | 3 Min Read

tickers affected by this

ticker	polarity	why?
APEI	positively	The ticker APEI, representing American Public Education, Inc., will likely be affected positively due to the strong financial results reported, which led to an 18% gain in its share price. This positive momentum can be attributed to the impressive financial performance that exceeded expectations, making it a standout performer in the market.
WLDN	positively	The ticker WLDN will likely be positively affected due to the strong performance of energy shares, which rose by 1.6% on Friday. Additionally, Willdan Group, Inc. (WLDN) reported better-than-expected fourth-quarter financial results, which drove its shares up by 19% to $38.46, suggesting continued investor confidence in the company’s performance.
GCO	positively	GCO (Genesco Inc) could be affected positively by this because genesco may be a part of this economic improvement and future performance due to the job market recovery.
ACXP	positively	The ticker ACXP, which represents Acurx Pharmaceuticals, Inc., will likely see a positive impact in the near future as the company’s recent stock offering of $1.1 million can provide the necessary capital to fund ongoing research and development, potentially leading to new product launches or clinical trial successes. Additionally, the overall market downturn might present a buying opportunity for investors who see long-term potential in ACXP’s pipeline and strategic initiatives.

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summary

U.S. Stocks Dip Mid-Trading Day

U.S. stocks experienced a decline midway through trading on Friday, with notable drops across major indices. The Nasdaq Composite led the losses, falling over 1%. The Dow Jones Industrial Average traded down 0.65% to 42,302.29. Meanwhile, the S&P 500 dropped 0.90% to 5,686.92.

Market Performance in Sectors

Energy shares bucked the trend, rising by 1.6% on Friday. In contrast, financial shares dipped by 1.4% financial shares were also major contributors to the day’s decline.

High Points and Low Points

Among the standout performers were Willdan Group, Inc. (WLDN), which saw its shares shoot up 19% to $38.46 after reporting better-than-expected fourth-quarter financial results. Additionally, American Public Education, Inc. (APEI) saw a significant gain of 18% to $22.62 after its own impressive financial results. Conversely, Genesco Inc. (GCO) suffered a notable decline of 22% to $25.12 after announcing disappointing fourth-quarter financial results. Acurx Pharmaceuticals, Inc. (ACXP) also saw a sharp drop, with a registered direct fall of 29% to $0.4601 following an offering of $1.1 million.

Jobs Report and Economic Indicators

The day was also marked by the release of the February jobs report from the Bureau of Labor Statistics (BLS). While the U.S. economy added 151,000 jobs, up from a downwardly revised 125,000 in January, this fell short of expectations of 160,000. The unemployment rate saw an unexpected increase to 4.1%, higher than the anticipated 4.0%.

Commodities and Global Markets

Global markets mirrored the downturn seen in the U.S. The Eurozone’s STOXX 600 was down 0.40%. Germany’s DAX 40 saw the most significant decline, with a 1.60% drop, while London’s FTSE 100 rose slightly by 0.03%. On the commodity front, oil rose 0.9% to $66.95, while gold saw a modest gain of 0.4% up to $2,937.80. Conversely, silver and copper fell by 0.8% and 0.5% to $33.075 and $4.7815, respectively.